Hong Kong Stock Market News | Pop Mart rises more than 4%, Morgan Stanley says the company has multiple positive catalysts, stock price still has room to rise
Bubble Mart rose more than 4%, as of the deadline, it rose by 4.01% to HKD 29.85, with a turnover of HKD 2.28 billion. Morgan Stanley released a research report stating that there is a more than 80% chance that Bubble Mart's stock price will rise in the next 30 days. Potential positive catalysts include first-quarter sales performance, overseas sales growth potentially leading to market upgrades to its full-year forecast; May Golden Week; Toy bricks set to launch in June; mobile games to start public testing soon. The bank pointed out that since early February, Bubble Mart has significantly outperformed the Hang Seng Index for the same period, but believes that the stock still has further upside potential, supported by ample catalysts and a potential compound annual growth rate of around 30% from 2023 to 2025
According to the Wise Finance APP, Pop Mart (09992) surged over 4%, as of the time of publication, it rose by 4.01% to HKD 29.85, with a turnover of HKD 2.28 billion.
Morgan Stanley released a research report stating that there is a more than 80% chance that Pop Mart's stock price will rise in the next 30 days. Potential positive catalysts include first-quarter sales performance, overseas sales growth potentially leading to market upgrades to its full-year forecast; the May Golden Week; the launch of Toy bricks in June; and mobile games will soon begin public testing.
The bank pointed out that since early February, Pop Mart has significantly outperformed the Hang Seng Index for the same period, but believes that the stock still has further upside potential, supported by ample catalysts and a potential compound annual growth rate of around 30% from 2023 to 2025